By combining the best resources and assets of each integrated business, Mitsubishi HC Capital America is leveraging its role as a consultative partner to provide customized and flexible financing across the entire transportation industry including all segments from light-duty vehicles to over-the-road tractors and trailers. On the heels of our recent integration with ENGS Commercial ...more
The ARC Automotive manufacturing plant is seen in Knoxville, Tenn. (Adam Lau/Knoxville News Sentinel via AP) DETROIT — A Tennessee company could be heading for a legal battle with U.S. auto safety regulators after refusing a request that millions of potentially dangerous air bag inflators be recalled. The National Highway Traffic Safety Administration is demanding ...more
Computer code displayed on screens arranged in Danbury, U.K. (Chris Ratcliffe/Bloomberg News) The U.S. Transportation Department said it had been hit by a data breach involving its administrative systems. A preliminary inquiry found that the breach was confined to software used to process employee transit benefits, the department said in a brief statement on May ...more
The safety and efficiency of the country’s supply chains are being examined by the panel on highway policy in the U.S. House of Representatives. The Highways and Transit Subcommittee recently signaled bipartisanship on potential legislation that would help maintain the swift movement of freight. A supply chain-centric bill also would aim to integrate emerging technologies ...more
PacLease.com Federal regulators have appointed nine individuals to serve on a truck-leasing task force that is charged with evaluating lease agreements in the trucking industry, including their potential safety and financial impacts on owner-operators. The task force was established under authority provided by the Infrastructure Investment and Jobs Act, and chartered by Transportation Secretary Pete ...more
Diesel's average price is down 72.5 cents a gallon since Jan. 31. (Daniel Acker/Bloomberg News) Diesel prices dipped 2.5 cents on average to drop below $3.90 a gallon, according to Energy Information Administration data released May 15. Highlights Diesel’s price settled at an average of $3.897, the first time it has been below $3.90 a ...more
Diesel's average price is down 72.5 cents a gallon since Jan. 31. (Daniel Acker/Bloomberg News) The national average price of diesel dipped 2.5 cents to drop below $3.90 a gallon, according to Energy Information Administration data released May 15. Highlights Diesel’s price settled at an average of $3.897, the first time it has been below ...more
A mechanic fills a car with oil at an auto repair shop in Collingdale, Pa. (Matt Slocum/Associated Press) ANN ARBOR, Mich. — With new and used cars still painfully expensive, Ryan Holdsworth says he plans to keep his 9-year-old Chevy Cruze for at least four more years. Limiting his car payments and his overall debt ...more
The LBCT container terminal at the Port of Long Beach in Long Beach, Calif. (Lauren Justice/Bloomberg News) A tentative agreement covering longshore workers at the largest U.S. ports is within reach after a year of negotiations between the union and employers, according to a Biden administration official involved in the talks. Many importers and retailers ...more
Montana state Capitol by powerofforever/Getty Images A new law on the books in Montana places restrictions on third-party groups that finance civil litigation, a development that was welcomed by motor carriers operating in the state. “This law will help prevent predatory lawsuits that hinder our industry’s ability to serve our state and economy safely and ...more
